Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by B&D White Capital Company LLC

B&D White Capital Company LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,805 shares of the e-commerce giant’s stock after selling 255 shares during the period. Amazon.com makes up 0.8% of B&D White Capital Company LLC’s portfolio, making the stock its 25th biggest position. B&D White Capital Company LLC’s holdings in Amazon.com were worth $2,321,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMZN. Laurel Wealth Planning LLC grew its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in Amazon.com during the 4th quarter valued at $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in Amazon.com during the 1st quarter valued at $38,000. Atlantic Private Wealth LLC acquired a new stake in Amazon.com during the 1st quarter valued at $43,000. Finally, Goodwin Investment Advisory grew its holdings in Amazon.com by 1,225.8% during the 2nd quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock valued at $44,000 after purchasing an additional 380 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $139.48, for a total value of $557,920.00. Following the transaction, the chief executive officer now owns 526,316 shares of the company’s stock, valued at $73,410,555.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $139.48, for a total value of $557,920.00. Following the transaction, the chief executive officer now owns 526,316 shares of the company’s stock, valued at $73,410,555.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the completion of the transaction, the senior vice president now directly owns 64,380 shares in the company, valued at approximately $9,343,469.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,572 shares of company stock worth $9,639,169. 12.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. DA Davidson raised their price target on shares of Amazon.com from $150.00 to $157.00 and gave the company a “buy” rating in a report on Friday, October 27th. Citigroup increased their price objective on shares of Amazon.com from $145.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Wedbush reiterated an “outperform” rating and set a $180.00 price objective on shares of Amazon.com in a research note on Wednesday, October 18th. Truist Financial reduced their price objective on shares of Amazon.com from $176.00 to $174.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Finally, Rosenblatt Securities increased their price objective on shares of Amazon.com from $184.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $168.93.

Amazon.com Stock Performance

Shares of AMZN opened at $146.13 on Tuesday. The firm’s 50 day moving average is $133.78 and its 200-day moving average is $130.06. The stock has a market capitalization of $1.51 trillion, a P/E ratio of 75.72, a P/E/G ratio of 1.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $147.29.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 EPS for the quarter, topping the consensus estimate of $0.58 by $0.27. The company had revenue of $143.08 billion during the quarter, compared to analysts’ expectations of $141.53 billion. Amazon.com had a net margin of 3.62% and a return on equity of 12.75%. Equities research analysts anticipate that Amazon.com, Inc. will post 2.6 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.